X0508 4 2026-01-22 0 0001273685 ADAMAS TRUST, INC. ADAM 0001763908 Serrano Jason T C/O ADAMAS TRUST, INC. 90 PARK AVENUE NEW YORK NY 10016 1 1 0 0 Chief Executive Officer 0 Restricted Stock Units 0 2026-01-22 4 A 0 216711 0 A Common Stock, par value $0.01 per share 216711 427216 D Represents restricted stock units ("RSUs") issued pursuant to Adamas Trust, Inc.'s ("Adamas") 2017 Equity Incentive Plan (as amended) under Adamas's 2026 Long-Term Equity Plan, 1/3 of which will become fully vested and non-forfeitable on each of January 1, 2027, January 1, 2028 and January 1, 2029. Pursuant to a restricted stock unit award agreement (the "RSU Award Agreement"), the RSUs represent the right to receive shares of common stock of Adamas on a one-to-one basis upon vesting, subject to the terms and conditions of the RSU Award Agreement, and are granted in tandem with a corresponding dividend equivalent right that entitles, upon vesting, the Reporting Person to receive payments in cash or stock of Adamas equivalent to any dividends paid by Adamas on the shares of Adamas common stock underlying the RSUs. /s/ Kristine R. Nario-Eng, as attorney-in-fact 2026-01-26